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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading

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To: Gerald Walls who wrote (372)6/24/1999 3:28:00 PM
From: Mama Bear  Read Replies (1) of 790
 
You've highlighted the lookback clause. They can 'lookback' at the preceding 5 day average and decide if they want to convert at that price. The company can pay off in cash at it's option. Of course it has to be able to come up with the money to do that.

Barb
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